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Acquired Red Lion Hotel, Houston; Will Undergo $11 million Conversion to Hotel Derek |
Houston, Texas...March 14, 2001...Amerimar Enterprises, Inc., a Philadelphia
based national real estate investment and management company and Angelo,
Gordon & Co., a New York-based investment firm, announce the purchase
and renovation of the Red Lion Hotel in Houston, Texas. The property,
located across from the Galleria Mall, at the intersection of Westheimar
and the 610 Loop, was purchased for $20 million.
An extensive $11+ million renovation plan, soon to be underway, is scheduled to be completed by late summer, 2001. Under the creative direction of Dayna Lee of POWERSTRIP, a Hollywood-based design firm, the 319-room hotel will emerge under the new name of Hotel Derek with a tailored, modern design. The hotel has applied to become a member of Preferred Hotels and Resorts Worldwide. David Hill, a seasoned industry professional, has been appointed general manager. Hill joins the Red Lion Hotel/Hotel Derek from his most recent position as general manager for Washington D.C.�s acclaimed Hotel George, also owned by Amerimar Enterprises and Angelo, Gordon & Co. His 25 years of experience includes supervisory and management positions, both domestically and internationally, including The Pierre in New York, Loews Hotels in New York and Bermuda and Nova Park Elysee in Paris, France. He also served as the general manager of the Royal St. Lucian Hotel in St. Lucia, West Indies, which he elevated to a Four Diamond status during his tenure. Hotel Derek is superbly located in one of Houston�s most prestigious
locations, across the street from the Galleria Mall and proximate to a
variety of corporate headquarters. A complete departure from the
city�s typical hotel offerings, this one-of-a-kind property will feature
upgraded amenities and services for the discerning business and leisure
traveler including an upscale destination restaurant, health club and spa,
cutting-edge technology in all of its guest rooms, as well as stylish meeting
and banquet facilities.
Although Hotel Derek is the first investment for Amerimar Enterprises and Angelo, Gordon & Co. in Houston, these dynamic companies have teamed together previously to develop the Hotel George in Washington D.C. and the Sheraton Atlanta Hotel, among many other commercial properties throughout the United States. |
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David Hill Red Lion Hotel 713.297.4300 Bernie English Amerimar Enterprises, Inc. 215.893.6014 |
Also See | Amerimar Enterprises, Inc to Add Sheraton Flag to 765 Room Atlanta Hotel / Oct 1998 |